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. obama said this year's changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have access to cayman island reports. they don't have access to interest income where they pay a much lower rate on billions of dollars they have earned. >> mr. obama says the only way to continue investing in education research and development and still reverse the deficit is with a combination of spending cuts and additional revenues. republicans said the government got additional revenue with last year's tax agreement which raised tax rates on families making more than 450,000 a year and limited or phased out deductions for income over 300,000. in a statement john boehner said any tax loopholes we close should be used to lower rates for all taxpayers so we can be more xret ticompetitive and cree jobs. he reminded t
. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have access to cayman island reports. they don't have access to interest income where they pay a much lower rate on billions of dollars they have earned. >> mr. obama says the only way to continue investing in education research and development and still reverse the deficit is with a combination of spending cuts and additional revenues. republicans said the government got additional revenue with last year's tax agreement which raised tax rates on families making more than 450,000 a year and limited or phased out deductions for income over 300,000. in a statement john boehner said any tax loopholes we close should be used to lower rates for all taxpayers so we can be more xret ticompetitive and cree jobs. he re
to judy. >> woodruff: president obama wrapped up his post-state of the union tour with a visit to his hometown today. margaret warner has the story. >> warner: the president's trip to chicago came amid the country's new focus on gun violence. and while he was there to talk about raising the minimum wage and expanding preschool for children, the city's surge of gun killings wasn't far from his mind. >> last year, there were 443 murders with a firearm on the streets of this city, and 65 of those victims were 18 and under. so that's the equivalent of a newtown every four months. and that's precisely why the overwhelming majority of americans are asking for some common-sense proposals to make it harder for criminals to get their hands on a gun. >> warner: those 443 shooting deaths were among more than 500 homicides in chicago last year. and last month, 15-year-old hadiya pendleton, who had just performed during president obama's inauguration festivities in washington, was shot dead about a mile from the first family's chicago home. first lady michelle obama attended her funeral last weeke
, about who won and lost. >> obama care is the law of the land. >> when we look back, we'll be better off. >> one week from today, the sequester spending cuts go into effect. it happens. president obama's unwillingness to put a plan on the table. >> the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result of it. it is incumbent upon the president and senate democrats to show us their plan, to stop the sequester from going into effect. >> march 1st, the day that the devastating sequestration cuts, the president's sequestration cuts take effect and we've yet to hear a plan from the president. we need the president to lead and come forward with his proposals. >> it is the president who proposed the sequester. it is the president who designed the sequester. the president gave a speech showing that he would like to replace it but has not put any details out there. >> no plan, we need a plan, the president needs to come forward with his proposals. it is the president who needs to give up the plan. i don't know if this is a failure of reading comp
when he was nominated to be the cia director. and as an obama supporter of course i was shocked to find out who was crowned be kept on as obama secretary of defense but when he told people i found interesting and was the major reason i wanted to write this book and what he said was we are moving towards a smaller military that will do fewer things and be able to go fewer places which he felt was a terrible thing and he added i don't want to be a part of that kind of system that is going to retrench. my feeling has been we need a smaller military that will do fewer things and go to fewer places. so that is the kind of book i wanted to write. i thought that i should do it even though others have really had ma named a lot of this. i am sure you are familiar with the work of d-nd for example, who wrote things such as the american empire and years before that, john neuhaus, one of my favorite writers wrote in imperial america and other books have dealt with this with an unusual background in the sense that i spent 42 years in the government and the state department, defense department and th
-old girl struck by random gunfire just days after performing at president obama's inauguration. hadiya pendleton had recently returned from washington, where she performed with her school marching band during the inaugural festivities. she was laid to rest saturday at a funeral attended by first lady michelle obama. police said the suspects are 18 and 20-year-old members of a street gang who opened fire at who they mistakenly thought were gang rivals. the white house meanwhile has announced hadiya pendleton's parents will be among president obama's guests tonight at the state of the union. the chicago home of the obamas is about a mile from where hadiya was killed. the pendletons will be joined by a number of other guests touched by gun violence. at least 24 democratic congressmembers are bringing victims of gun violence and their families. one republican guest is trying attention, ted nugent. he is attending with texas congress member steve stockman. the secret service investigated him for making threatening comments about president obama last year. a gunman killed two women at a dela
," former vice president dick cheney blasts and compliment president obama. >>> who will be the next pope? >>> and a nightmare at sea. thousands trapped in deplorable conditions aboard a stranded cruise liner. >>> we begin this morning with a look at today's "eye opener," your world in 90 seconds. >> this was not at all a surprise. >> the only real question was when. >> north korea defies the world with a third nuclear test. >> the miniaturized nuclear device. >> triggered a mild earthquake and even prompted the u.n. security council to call an emergency meeting for later this morning. >> president obama has joined international condemnation calling it a highly provacative act. >> the manhunt continues for a cop. >> video shows dorner two days before the killing spree buying scuba gear. >> police searched a hotel in mexico last night. no evidence was dorner was found. >> tonight president obama delivers his first state of the union address of his second term. >> i'm very, very concerned about what i see happening, charlie. >> you think that this president is weakening america? >> i do. >>
. president obama is warning of dire consequences for all of us in lawmakers don't act quickly. we're talking about those forced budget cuts that take effect march 1st, slashing $85 billion from spending across the board this year. but with just ten days left, the consequences are backing more alarming. president obama outlined some of them today, told congress, let's make a deal while there is still some time. >> my door is open. i've put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigid tea here in washington. visually, the president tried to make that point by having law enforcement officers standing behind him. many of them could lose their jobs. our joe johns is covering that with the different ways that the budget cuts could directly affect you. we also have renee marsh covering the potential cut and how it kol affect the fo
with president obama's very public attempt to pressure congress into putting off billions of dollars in automatic spending cuts, cuts he fears will wreck the u.s. economic recovery. basically he wants lawmakers to kick the can down the road one more time. let's go to our white house correspondent dan lothian. dan is joining us. dan, the president made a little bit of a surprise appearance over in the white house briefing room. >> reporter: that's right. very surprising because the president in the past has criticized these short-term deals saying that this is not what the american people sent their elected officials to washington to do. you have this march 1st deadline quickly approaching. while congress is trying to work on a bigger budget, 1 pine point $2 trillion package, the president says they need more time in order to continue tipping away at the problem. the big concern is that everyone believes that the economy is moving in the right direction. the president is pointing to auto sales, the housing, to manufacturing. and so there's this worry that if this see quester happens, if these deep
unharmed. >>> his vacation now over, president obama diving right back into the world of washington politics. in the next hour, the president is scheduled to speak about those automatic spending cuts, set to take place next friday unless congress tankes some sor of action. christine romans joins me to break down how we could potentially feel these cuts if something isn't done. good morning. >> good morning, carol. the first question is what is the sequester, this wonky, horrible budget washington word you keep hearing. it's a fancy word for budget cuts, forced budget cuts. you could also think of the sequester as the "or else." last year it was decided we had to get our budget deficit under control, democrats and republicans together, or else, or else we would have these draconian spending cuts start the beginning part of this year. they didn't get their budget act together and this is the or else, the big budget cuts that are automatically going to happen. it's really frustrating, carol, because this was never -- these were never supposed to happen. this was supposed to be somethin
news alert for you. with just hours to go before the first state of the union of president obama's second term, we're getting new details about the key focus of his prime time address to the nation tonight. welcome to america live, everyone, i'm alisyn camerota in for megyn kelly. and amid a recent string of economic concerns, the national unemployment rate just recently ticked up to 7.9%. consumer confidence has dropped to its lowest level in a year for the first time since the recession ended, the economy actually contracted, also, gasoline prices are unexpectedly spiking. the national average now at 3.60. 19 states have prices that are higher than that. stuart varney is the anchor of varney and company on the fox business network. he joins me now, hi, stu. >> alisyn. >> what are we expecting the president to say about the economy? >> a lot of what he will say has been leaked at least a broad outline and call for a more robust government presence in the economy and saying government and government spending which will rebuild the middle class. he won't call it government spendin
are draconian, the rules will simply make it be effective. >> to hear president obama tell it the sky will fall when the forced spending cuts kick in. so is the white house hyping the impact or not? we'll talk about that and more when we come back. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> president obama clearly wants all of us to be very worried about the budget axe that is about to fall. he warns that a lot of people will lose their jobs if forced spending cuts are allowed to take effect days from now. and says that many more americans will suffer at least in some way. listen to a make mash-up of his latest attempt to light a fire under congress. >> meat cleaver
all day. >>> president obama will announce a year from today, the united states will have 34,000 fewer troops in afghanistan. >>> all that -- >> the westminster dog show is back. >> to keep mice from overrunning their mistress's boudoirs. >> top ten questions on the application to become a "sports illustrated" swimsuit model. >> how would brent musburger describe you. >> >> clint's son colin stole the show. >> colinkohl pope benedict xvi announced his resignation. >> what will he do for work? he could become the walmart greeter. captioning funded by cbs >>> welcome to "cbs this morning." north korea defied the country again, the foreign ministry is threatening measures of greater ear intensity. >> bill plante confirmed president obama will discuss the during nuclear test during his state ofnion add the union tonight, the president will say it merely isolates north korea even more.t the north says it tested a de lighter miniaturized nuclear device underground. margaret brennan is in washington good morning. >> reporter: the u.n. security council is meeting n
, or in our video library. and tomorrow, a farewell ceremony in honor of leon panetta. president obama and martin dempsey are expected to speak. we will have coverage at 3:45 p.m. eastern on c-span. john brennan, the nominee to the cia, testified today at his confirmation hearing. the topic of drone strikes came app. dianne feinstein said she will look into new legislation to govern overseas strikes. there was an interruption by protesters. it is three and a half hours. >> you are a disgrace to democracy. >> if the police will clear the room, please. will clear the room, please. [indiscernible] [shouting continues] >> [indiscernible] please clear the room. >> [indiscernible] please clear the room. [protest continues] all right, i think we should clear the entire room and then let people back in. what do you think? >> we need more capital police. >> yeah, let's -- [indiscernible] ok, we will try and start. ok, we will i am going to began this -- begin this hearing, and let me say right up front that the process is that people are respectful, that they do not shout, they do not hiss, the
hamp, or sometimes they say the obama plan. they will say i am an expert. or they may say they are affiliated with the program. they take people's money and a skip town. what we do is we kept them, we put handcuffs on them, and we put them in jail and make them stand trial and a for their crimes. these people are being convicted and going to jail. this is an unscrupulous, to have a crime that is targeting people who are struggling during this financial crisis. we get calls related to those. we are trying to educate homeowners about that so they did not become victims in the first place. but a lot of people will lose their homes of the situation. host: christy romero, special inspector general for tarp. the question about the teeth -- question of to this executive pay, if treasury signed off on it, what can sigtarp really do? guest: we make recommendations to treasury and a half to be dealt with. we also report to congress. we send these reports to congress and congress helps put teeth in it. but a ultimately we have a lot of recommendations that are not implemented and the
. there was a big stink made about the white house press corps story or nonstory. president obama played golf with tiger woods in florida last weekend. the white house press corps was denied access to this moment in the president's second term. fox news chief white house correspondent ed henry, who's the president of the white house correspondents association released a statement to politico that underscored the press corps's complaint. i can say a broad cross section of our members from print, radio, online and tv have expressed extreme frustration to me about having no access to the president of the united states this entire weekend. there is a very simple but important principle we will continue to fight for today, transparency. they complained about the president being a manipulator of the press and guilty of shutting them out. with more technology and fewer resources the many media companies, the balance of power between the white house and the press has tipds unmistakably toward the government. it's a dangerous development that they have exploited cleverly and ruthlessly. it seems to me
sports team to the white house. just imagine how excited a big hoops fan like mr. obama was when he got to host lebron james and the miami heat. so excited he couldn't resist showing off. >> i know this is is the first trip tore some of these players, but a few of them were here a couple of years ago for a pickup game on my birthday. it their skill. [ laughter ] >> gave them the competitive edge that they needed. and i think part of the reason they came back today is they want another shot at the old guy. [ laughter ] >> chris: chris the only thing real there was trash talk. dianne feinstein is leading the confirmation hearings for cia director nominee john brennan and that's "special report" for tonight. i'm chris wallace in washington. keep it right here on fox where more news is always on the way. "special report" online with a twist starts right now. >> shepard: this is the fox report. tonight, more graphic testimony from a woman on trial for killing her boyfriend. she says she shot him, stabbed him, slit his throat. but jody arias says it was actually all his fault. plus, say good
in benghazi, could soon put several of president obama's key nominees in jeopardy. why leading republican lawmakers are threatening to hold up their confirmation. >> i'm not still filibustering. >> what would they have have to do to bring this to a vote. >> i want to know who changed the talking points. references to al qaeda, talking points given to susan rice. more for you. >> no confirmation without information. you know, when secretary clinton said she had a clear-eyed assessment of the threats in libya, that proved after this hearing not to be true. the department of defense knew about the cable coming from our living ambassador saying he couldn't defend the consulate on august 15th. they knew about the deteriorating security situation, but the secretary of state didn't know anything about this. so she was blind, the president was disengaged, and the department of defense never launched one airplane to help these folks for seven and a half hours. this is complete system failure, and i'm going to get to the bottom of it. >> let me put it this way, it's been done many, many times, in f
immigration bill. a copy of president obama's plan has been leaked. illegal immigrants would be allowed to become permanent residents of this country in eight years. marco rubio had this to say. the president bill would be dead on arrival in congress leaving us with unsecured borders and a broken legal immigration system for years to come. stephen moore joins us now from washington, d.c. do you think that the white house plan really does throw a wrench into reaching any kind of bipartisan agreement? >> i think this was a real setback. this is very delicate negotiations. you need to find a way to let more immigrants into this country. you need to have a way where people who have been here to have a path to legalization. it has to be coupled with tougher border security. everyone knows that. for some reason, the president is basically saying, we will not move forward with the border security, but we will with these other elements. i think that is a killer. i think marco rubio is right. dagen: why leak it in the first place? in washington, there is always a reason that things come out. >>
haven't seen in our lifetime. plus droning american citizens. the obama administration puts in writing. when it's okay for the u.s. government to kill u.s. citizens. and tonight we're just hours away from what may be an explanation about the death memo. that's coming up as we approach the bottom of the hour and the top of thous as fox reports live tonight. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. >> shepard: a real environmental mystery and economic catastrophe. the stunning site of millions of dollars worth of dead fish in the waters. our top story as we go around the world in 80 seconds. iceland. 30 tons of dead herring covering the beach and waters of a glacial inlet in the west. it's the second time it's happened in two months. researchers say one cause appears to be low oxygen levels in a shallow forward. nearby construction could be to blame. the government has ordered an investigation. india. authorities diffused a roadside bomb.
.s.-israeli operation hatched during the bush administration and accelerated under president obama. according to the report, the operation was code-named "olympic games." [ticking] coming up: american agents track the world's most notorious arms dealer. >> he's arming not only designated terrorist groups, insurgent groups, but he's also arming very powerful drug trafficking cartels around the globe. >> the "merchant of death," when 60 minutes on cnbc returns. [ticking] ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. exceptional offer living with moderate to semeans living with pain.is it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuber
to citizenship for illegal immigrants. >>> the obama administration is also asking the court to declare the defense of marriage act unconstitutional. in a brief the government argues that the law denies federal benefits to tens of thousands of same sex couples who are legally married under state law. the brief didn't address proposition 8, california's ban on gay marriage. the court is scheduled to hear the defense of marriage case next month. >> the governor is in washington dc this weekend for the meeting of national governors. putting in federal health care reform is one of the top issues. brown is also on the natural resources committee which will meet tomorrow to talk about extreme weather events in the united states. then on monday the governors plan to meet with the president. >>> democrats no longer have super majority power in the state senate. marco rubio stepped down siting family reasons. this means democrats have 26 senate seats, that's one sort of the threshold they need to pass tax changes and override vetoes. the loss is only expected to be temporary. the district will
, and here are the results. the headline, "obama supported on guns, debt." when it comes to the federal deficit, 45% of americans support his approach to the deficit, 38% support republicans. when it comes to guns, it is 45% for president obama, 39% for congressional republicans. for climate change, 47% for the government, 26% for congressional republicans. inside "the washington times," "graham puts drone toll at 4700 kills worldwide." some -- "it was the first time any government official had referred to a death toll in the drone strikes as us officials have refused to discuss publicly details of the campaign against al qaeda terrorists in pakistan, yemen, and elsewhere through but senator lindsey graham, south carolina republican and a staunch supporter of the raids cited a number that exceeded estimates. we have killed 4700, mr. graham was quoted as saying by the easily patch. right below that in "the washington times," "ex-senator admits to siring love child in the 1970's. former senator pete domenici disclosed he fired me -- he fathered a super child with a 24-year-old daughter of
by this committee, by the senate, and by the house so president obama can sign it into law. i know we'll take an act of political courage for many members of congress to support an assault weapons ban of 2013 but the time for courage is now. how many more children, how many more police officers do we have to lose for our elected representatives to do the right thing? please take action now in the interest of the most important special interest groups in america, all of american. >> thank you very much. it is very much appreciated. i would like to, did you treat sandy hook victims? >> yes. i was in the e.r. that day when the victims came in. >> can you describe the kinds of wounds and the number of bullets in these small bodies? >> there's privacy rules in hippa that prevent me from detailing the type of wounds. but most of the victims didn't come in when you have such horrific injuries to little bodies, they don't make it to the hospital. the coroner from the state of connecticut, he stated that each body had three-11 bullets. when a child has three-111 bullets and it is an assault-type bullet and i
, president obama will attempt to pitch the job to firefighters against further raising taxes on the rich. ers kin and bowls will be here with a solution to the sequester. we'll talk about google as it nears $800 a share. and the company that has written detailed reports on how the chinese are hatching american industry. will join us live in the next hour of "squawk on the street." >> all right. make your past to post nine. >> they did it with the offering. this is holding. freeport did its giant equity offering and moves all the way down. eye a buyer here. >> goldman up on gnc. >> gnc has been remarkable. this is like herbalife is a supplement company. sh a retailer people just love and i think it goes higher. >> gilliad. >> when does it quit? the answer is never in an environment where you still get slow growth and they've got a lot of good stuff in the pipes. >> biomarin. >> this is one of those companies that has been a specialist in or fan drugs. i've had them on air on "mad money." they are a remarkably good cup. >> arco. are they in apple, are they out of apple? i think they're in apple
's called government by freakout. and with a she says is that president obama, he loves apparently chaos and that this is government freakout again. but she sums it all up again by saying maybe this one won't work. if you really want to be remembered as a lead who are got things done then you shouldn't always fall back on the freakout method. >> she says he's overplaying his hand this time. >> and the method for the president is he's extremely can have dent. he feels his polls are high and they say there's not that air of crisis inside the white house. but he believes he can talk to friendly media and portray himself anyway he wants. he spoke to al sharpton yesterday and he came out and said the only republican agenda is the agenda to protect the rich. i don't know where that comes from. >> but the republicans have to have a counter attack to that. i think -- >> they have a plan. >> the president has zero plan and the republicans have two. >> it's not a plan, it's about messaging. it's about getting the right message out there. we can have a plan but if we don't know how to deliver it,
this morning." >> did you see the pictures of president obama playing golf this past weekend with tiger woods? neither did we. >> i don't understand what the story is and what the outrage is. you want to watch him shank and slice? >> you know when you have a good weekend when you say sure go have a good weekend with tiger woods. >>> welcome to "cbs this morning." norah o'donnell is on assignment. cbs news has learned new details about what motivated adam lanza to go on a shooting spree last december in newtown, connecticut. >> the rampage at the sandy hook elementary school killed 20 students and six faculty members. bob orr is in washington. bob, good morning. >> good morning gayle and charlie. law enforcement sources tell cbs news adam lanza was motivated by a violent video game and a strong personal desire to kill more people than another infamous mass murderer. sources say adam lanza was in direct competition with anders breivik who killed 77 people in july 2011. breivik set off a bomb in downtown oslo killing eight people and moved to a nearby island where he
, and i appreciate that." >> on "cbs this morning." >> did you see pictures of president obama playing golf this past weekend with tiger woods? neither did we. >> i don't understand what the outrage is. you want to watch him shank and slice? >> you know you have a good marriage when you say, sure honey, go have a guys' weekend with tiger woods in florida. captioning funded by cbs >>> welcome to "cbs this morning." nora o'donnell is on assignment. we've learned new details about what motivated adam lanza to go on a shooting spree last december in newtown, connecticut. >> the rampage at the sandy hook loophole elementary school killed 20 students and six faculty members. we have more. >> reporter: good morning. law enforcement sources tell cbs news that adam lanza was motivated by violent video games and a strong personal desire to kill more people than another infamous mass murderer. sources say adam lanza saw himself as being in direct competition with anders breivik, a norwegian man who killed 77 people in july 2011. breivik set off a bomb in downtown oslo killin
portrait of first lady michelle obama. >> if we could put eye lashes on you you'd look so sexy. >> it feels so right to me. >> a former senator now admitting he had a secret love child with the daughter of another former senator. >> when did the senate become "the jerry springer show." >> on "cbs this morning." >> a woman called 911 and because she ran out of cigarettes. >> hello? >> hello, i need some cigarettes. >> you don't see me calling 911 because i run out of jokes do you? not anymore, anyway. >>> welcome to "cbs this morning." dangerous storm is threatening more than 30 million people in the midwest. it could be the worst weather to hit the region in two years, already there are near whiteout conditions in colorado one of 18 states under a winter storm warning or advisory. >>> people in kansas are being urged to stay off the roads. state offices have been closed until tomorrow morning. one person has been killed in a storm-related crash in oklahoma. to the west, it snowed in tucson, arizona. look at this the world golf championship match play tourn
's and president obama's. carney toutted the president budget approach -- a balanced approach to the sequester -- to the sequester. there was this a response from brendan but who says -- says -- buck who you can get more on line by going to politico.com. caller: good morning. this whole thing fascinates me. once again, our president gets a pass. he stands up there and people faced lies about sequestration -- and bold-faced lies about sequestration. he puts up human shields. it turns out he has 100% discretion to what gets cut. he needs not threaten america. he can cut all the bloating and waste and fraud that is going on. nope. he is going to tell us that our houses were burned down and we will die in the streets. he is evil. what he is doing to this country, i do not understand how people can still follow him. i don't know. i do not understand it anymore. our country is lost. host: thank you for the call. from one of our viewers on twitter.com/cspanwj -- from "the wall street journal" -- the story from inside the washed -- "the wall street journal." putting the blame on sequest
one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took his push for tougher gun laws to minneapolis, the city known as murderapolis in the mid '90s. >> weapons of war have no place on our streets or in our schools or threaten iing our law enforcement officers. >> reporter: against the backdrop of those officers, president obama urged supporters to call on congress to act. >> we don't have to agree on everything to agree it's time to do something. >> reporter: while both sides largely agree with a need for extended background checks, reinstating the assault weapons ban remains the most controversial effort. president obama is ignoring the nation's economic challenges, critics say. >> our economy could use some presidential leadership right now. >>
, president obama issues a warning. coming up with a solution or entire nation will face serious consequences. sarah simmons joins us live. >> inching closer to the march 1st deadline. if congress cannot strike a deal, $85 billion in spending cuts will take affect. law makers are embattled in a blame game. republicans are quick to claim the sequester was the president's idea and one mr. obama adamantly defended. the president is pointing fingers at republicans saying it is up to them to avoid a budget pitfall. experts say at this point the blame game needs to end and a solution needs to be made. >> this is ridiculous. $85 billion and a $3.6 trillion government. 5% domestic spending. 7% defense spending. the world will not end. >> it will jeopardize military readiness. creating investments and education and medical research. >> experts say the sequester only represents a small fraction of federal spending and the debt will continue to grow every year whether a deal is reached or not. if there is a silver lining, both democrats and republicans agree the economy would take a hit if federal spend
long day of tough questions for president obama's defense secretary nominee chuck hagel. one of the most contentious moments came when senator john mccain asked whether the 2007 surge troop in iraq was successful. >> the question is, were you right or wrong? that's a pretty straightforward question. i would like you to answer whether you are right or wrong and then you are free to elaborate. >> well, i'm not going to give you a yes or no answer on a lot of things. >> let the record show that you refuse to answer that question. now, please go ahead. >> well, if you would like me to explain why -- >> no, i actually would like an answer. yes or no. >> well, i'm not going to give you a yes or no. >> another hot topic at the hearing today, it was a 2006 interview that hagel gave to former middle east peace negotiator, erin david miller. now, in that interview, hagel said this. "the jewish lobby intimidates a lot of people up here." now, today of that comment about the "jewish lobby," hagel said categorically, i regret it. >> i've already said i regret referencing the jewish lobby.
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